The Table Shows Three Short-Run Cost Schedules for Three Plants

question 293

Multiple Choice

The table shows three short-run cost schedules for three plants of different sizes that a firm might build in the long run. What is the long-run average cost of producing 30 units of output?

• A)$7
• B)$8
• C)$9
• D)$10

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Definitions:

Fostering Participation

Encouraging and facilitating engagement and active involvement of individuals or groups in activities, decision-making processes, or projects.

Supporting Confidence

Encouraging and nurturing self-assurance and belief in one's own abilities within individuals or groups.

Personal Qualities

Character traits or attributes that define an individual's personality and behavior.

Self-Knowledge

Insight and awareness of one's own personality, character, strengths, weaknesses, and desires.